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Luthra, AZB do RBL 1,100 cr IPO fundraising with Khaitan

Luthra & Luthra is acting for fast-growing RBL Bank of 183 branches, formerly called Ratnakar Bank, which aims to raise Rs 1,100 crore ($173m) via initial public offering (IPO), with AZB & Partners and Dorsey & Whitney acting for the bankers, led by Kotak Mahindra Capital Company.

AZB Mumbai partner Varoon Chandra with senior associate Lionel D’Almeida acted for the lead managers. Dorsey Hong Kong partners John Chrisman and Kenneth Kwok advised on international laws.

Luthra & Luthra Mumbai partner Manan Lahoty acted for the issuers.

Khaitan & Co Mumbai associate partner Madhur Kohli was domestic counsel for two selling shareholders, Beacon and Gpe, that together sold 13 million shares according to the Business Standard.

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